Bajaj Finance, Bajaj Finserv hit record highs in a flat market

Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions, as compared to 2.2% decline in Sensex since May 10, 2018

Shares of Bajaj Finserv and its lending and wealth advisory arm Bajaj Finance have hit their respective record highs on the BSE in intra-day trade in otherwise flat market.

Bajaj Finance hit a new high of Rs 2,177, surging 19% in past eight trading sessions. On comparison, the S&P BSE Sensex was down 2.2% since May 10, 2018.

Bajaj Finance had reported a better than expected 60% year on year (YoY) jumped in its standalone net profit at Rs 7.21 billion in March quarter (Q4FY18). Net revenue from operations grew 40% at Rs 23.43 billion against Rs 16.78